acquisitions

  • Agencies & People
    Agencies & People

    Hamptons International acquires John Curtis

    Hamptons International has this week announced that it has acquired John Curtis, a sales and lettings agency based in Hertfordshire. John Curtis, a well established agency with offices located in Harpenden and Wheathampstead, offers a full range of sales and lettings services. The acquisition of John Curtis demonstrates Hamptons International’s willingness and ambition of wanting to grow and strengthen its service further, according to Mark Goldberg (left), Head of Sales at Hamptons International. Commenting on the acquisition, he said: “We are delighted to start 2015 with such a strong acquisition. John Curtis is the leading sales and lettings agency in Harpenden and the surrounding area and will help to significantly strengthen our footprint in the Hertfordshire region, while bolstering our profile north of London. Today’s acquisition signifies a key part of the company’s strategic plan to expand its UK network, which includes 85 branches across London and the South of the UK.” Ken Whittaker (right), Director at John Curtis, which has been established in the community for over 40 years, also expressed his delight at the fact that his firm has now been integrated into the Hamptons International network. He commented: “We look forward to strengthening our position by being…

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  • Latest property news

    Countrywide set to make fresh acquisitions

    Countrywide has announced that it has reached an agreement to increase its financing facilities from £150 million to £250 million. The FTSE-250-listed plan to use the additional finance for general corporate purposes, including the funding of potential acquisitions. The £250 million revolving credit facility, which will mature on March 20, 2018, has been provided by its current banking syndicate, comprising Abbey National Treasury Services, AIB Group (UK), Barclays, HSBC, Lloyds and National Westminster. Countrywide said that the added borrowing capacity was in line with a rise in the firm’s profitability. Jim Clarke, the Chief Financial Officer at Countrywide, said, “We are pleased that our existing banking partners continue to support us, and we are able to continue our strategy for growth, both organically and through acquisitions, while maintaining conservative levels of financial leverage.” Nick Dunning (left), Group Commercial Director at Countrywide, last month said it was an “exciting period” for Countrywide Residential Lettings, with the growth in the firm’s operation a major focus for the entire group. Since the start of last year, Countrywide has acquired 23 lettings businesses. With plans for further acquisitions in the pipeline for this year, Countrywide Residential Lettings recently launched its third Graduate Management Programme,…

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  • Agencies & People
    Agencies & People

    Agents announce major acquisitions

    Carter Jonas has announced that it has agreed a deal to buy the New Square Holdings Group comprising two Cambridge based property companies, while Brown and Merry, which is part of the Sequence UK network, has acquired Berkhamsted and Chesham based independent estate agent, Adrian Cole & Partners. Carter Jonas’ acquisition of Januarys, the commercial and planning consultants, and residential sales and lettings agency, Bradshaws, will be effective from 30 January 2015, and will increase Carter Jonas’ team of property specialists based in Cambridge to 80. Over the coming months, the various business streams of the two firms will combine to produce a multi-disciplinary property consultancy, covering the eastern region with offices in: Cambridge, Bury St. Edmunds, Peterborough, Long Melford and Northampton. Mark Granger (left), Chief Executive, Carter Jonas, commented: “The acquisition of Januarys and Bradshaws continues the growth of our presence in the eastern region that has included other purchases in the last few years, namely Jeffersons Commercial, and the rural business, HW Dean. It is very much in line with our national strategy.” This latest deal follows a series of recent acquisitions by Carter Jonas including Sullivan Thomas, the residential business based in Fulham, Parsons Green and Wandsworth;…

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  • Agencies & Peoplebig wheels turning image
    Agencies & People

    Big wheels keep on turning

    Andrea Kirkby investigates corporate strategy in a difficult market.

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